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Lebanon’s technology sector forecast to grow 12% in 2011

Lebanon's Investment Development Authority has said the country's technology sector is expected to grow by 12% in 2011, The Daily Star has reported. "Investment in the [technology] sector is estimated to be around $287m in 2010 … and the expected growth for the year 2011 might reach 12%," Itani said. A third of the production in the information technology and telecoms' sector is exported abroad, accounting for 2.9% of Lebanon's exports, he said.